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ORCL

Oracle

$46.29

-0.25 (-0.54%)

17:09
06/19/18
06/19
17:09
06/19/18
17:09

Oracle CEO Catz says cloud revenue becoming larger percentage of overall revenue

  • 19

    Jun

ORCL Oracle
$46.29

-0.25 (-0.54%)

06/14/18
JPMS
06/14/18
DOWNGRADE
Target $53
JPMS
Neutral
JPMorgan downgrades Oracle after CIO survey shows spending contraction
JPMorgan analyst Mark Murphy downgraded Oracle (ORCL) to Neutral from Overweight and lowered his price target for the shares to $53 from $55. The stock closed yesterday down 18c to $48.27. The shares have risen from the $30s into the high $40s over the last two years, but the company's fundamental performance has remained inconsistent, Murphy tells investors in a research note. Further, the analyst notes that in his firm's recent survey of 154 chief investment officers, Oracle received the largest number of indications for planned spending contraction this year, materially more than the second-worst company. The CIOs indicate contraction in Oracle spending this year, placing the company alongside IBM (IBM), Checkpoint (CHKP), and CA (CA), Murphy contends. He notes the results of his firm's CIO surveys over the years "have been highly predictive."
06/14/18
NOMU
06/14/18
NO CHANGE
Target $60
NOMU
Buy
Oracle price target lowered to $60 from $64 at Nomura Instinet
Nomura Instinet analyst Christopher Eberle lowered his price target for Oracle to $60 ahead of the company's Q4 results on June 19. The analyst trimmed his estimates to account for currency and expectations for more modest revenue acceleration in fiscal 2019. He remains optimistic, however, on Oracle's transition and model growth reacceleration as the year progresses. Eberle keeps a Buy rating on the shares, which JPMorgan this morning downgraded to Neutral.
06/14/18
06/14/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Oracle (ORCL) downgraded to Neutral from Overweight at JPMorgan with analyst Mark Murphy saying the shares have risen from the $30s into the high $40s over the last two years, but the company's fundamental performance has remained inconsistent. 2. Kohl's (KSS) downgraded to Neutral from Buy at Citi with analyst Paul Lejuez citing valuation. 3. Toll Brothers (TOL) downgraded to Hold from Buy at Zelman. 4. PGT, Inc. (PGTI) downgraded to Hold on valuation at Gabelli with analyst Alvaro Lacayo citing valuation. 5. XPO Logistics (XPO) downgraded to Neutral from Buy at BofA/Merrill with analyst Ariel Rosa citing limited upside following the recent gain in shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/15/18
KEYB
06/15/18
NO CHANGE
KEYB
Sector Weight
Oracle should report 'in-line' cloud growth for Q4, says KeyBanc
KeyBanc analyst Monika Garg reiterated a Sector Weight rating on Oracle ahead of its June 19 earnings report, telling investors that she believes the company will post "in-line" Q4 cloud growth. While Oracle has "interesting" growth opportunities, she says the company's progress towards cloud is taking longer than expected, and as cloud peers have higher cloud growth from larger bases, additional pressure is placed on Oracle.

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XLB

S&P Select Materials SPDR

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0.18 (0.34%)

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KLAC

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1.37 (1.49%)

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HAS

Hasbro

$98.33

0.45 (0.46%)

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XLU

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SPX

S&P 500

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XLP

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XLV

Health Care Select Sector SPDR

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GAIN

Gladstone Investment

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-0.13 (-1.22%)

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  • 06

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IWM

iShares Trust Russell 2000 Index Fund

$153.60

-0.01 (-0.01%)

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DIA

Diamonds Fund ETF

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SPY

SPDR S&P 500 ETF Trust

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HRS

Harris

$154.88

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, LLL

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XLF

Financial Select Sector

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SMH

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RCON

Recon Technology

$1.12

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, BABA

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RCON

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IT

Gartner

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QQQ

Invesco QQQ Trust

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